2-bedroom flat · SY1 2UU
Sold STCListed 133 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated in a popular residential location within easy reach of Shrewsbury town centre, this well-presented second-floor apartment offers an excellent opportunity for first-time buyers looking to step onto the property ladder.
The property benefits from a range of local amenities nearby, including shops, schools and transport links, while the historic town centre provides an excellent selection of independent retailers, restaurants and leisure facilities.
Offered under a Section 106 Affordable Housing Scheme, the asking price represents 70% of the open market value, making this an attractive and affordable purchase for eligible buyers.
Accessed via a communal entrance hallway with stairs leading to the second-floor landing, the apartment offers well-proportioned accommodation throughout.
The layout comprises an entrance hall, spacious living/dining room with dual aspect windows, modern fitted kitchen with integrated oven, hob and extractor, space and provision for appliance, two bedrooms and a stylish bathroom.
The property further benefits from double glazing and gas-fired central heating.
Externally, residents can enjoy the well-maintained communal gardens, together with an allocated parking space and additional visitor parking. There is also a communal bin store.
The property is subject to a Section 106 Agreement and purchasers will be required to meet specific eligibility criteria and obtain approval from the local council.
Further information is available upon request. Services: We understand that the property has mains gas, mains electricity, mains water and mains drainage.
Broadband Speed: Basic 11 Mbps & Superfast 132 Mbps *Results provided by Ofcom and correct at time of listing* Flood Risk: Very Low. Tenure: We understand the tenure is Leasehold.
It should be noted that we have not seen sight of the lease and we are unable to verify this information, purchasers are advised to make their own further enquiries via their solicitor.
Length of lease: 125 years from 1.1.2007 - 106 years remain.
Service Charges:: £140 pcm Green Belt: £18 pcm Ground Rent: £500 pa 2026 Next Ground Rent Review Period: 2027 Local Authority: Shropshire Council, The Shirehall, Abbey Foregate, Shrewsbury, Shropshire SY2 6ND.
Tel Council Tax Band: tbc Mortgage Services: We offer a no obligation mortgage service through Hilltop Mortgage Solutions. Please ask a member of our team for further details.
Referral Services: Samuel Wood routinely refers vendors and purchasers to providers of conveyancing and financial services.
We may receive fees from them as declared in our Referral Fees Disclosure Form.
Anti-Money Laundering: To comply with these regulations, we are required to complete Anti-Money Laundering (AML) checks for all purchasers.
We use Movebutler, a secure HMRC-approved platform by Credas, to make this process quick and easy on any device.
A charge of £25pp will be collected by Movebutler, a link will be emailed to you when your offer has been accepted.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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FAQ
About Poplar Close, Spring Gardens, Shrewsbury
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